{"id":540582,"date":"2023-06-30T15:00:26","date_gmt":"2023-06-30T15:00:26","guid":{"rendered":"https:\/\/ktsl888.com\/?p=540582"},"modified":"2024-06-11T14:38:13","modified_gmt":"2024-06-11T14:38:13","slug":"ethereum-classic-etc-resumes-uptrend-notches-13-in-the-last-day","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-classic-etc-resumes-uptrend-notches-13-in-the-last-day\/","title":{"rendered":"Ethereum Classic (ETC) Resumes Uptrend, Notches 13% In The Last Day"},"content":{"rendered":"
Ethereum Classic (ETC) is currently experiencing a rise in its market price, gaining 13.99% in the last 24 hours, according to data from CoinMarketCap<\/a>.\u00a0<\/span><\/p>\n Following the ETC\u2019s dip in the last two days, it appears the bulls have retaken control of the market, pushing the coin to trade above the $20 mark for the first time since April.<\/span><\/p>\n Ethereum Classic has found a place among the headlines in the last two weeks following its initial bearish form at the start of June.\u00a0 <\/span>ETC began the month trading around $18.01 before experiencing a nosedive which saw the token trade as low as $13.99 on June 10.<\/span><\/p>\n Related Reading: Litecoin Up 18% In Past 24 Hours, Is Halving Rally Here?<\/a><\/p>\n Thereafter, ETC would rise to $15.03 and hover around this price region for the next few days before embarking on a bullish run that to gain by 28.60% between June 20 and June 24, hitting the price resistance level at $19.33.\u00a0<\/span><\/p>\n The following days would then present a mixed price action before ETC finally retraced to its key support level at $17.64 on June 29. After retesting at this price zone, ETC\u2019s price has resumed its uptrend, climbing higher since then.<\/span><\/p>\n Ethereum Classic (ETC) remains one of the major projects in the cryptocurrency space. Launched in July 2016, Ethereum Classic is a hard fork of Ethereum created to preserve the purpose and integrity of the original Ethereum network.\u00a0<\/span><\/p>\n At the time of writing, ETC is exchanging hands at\u00a0 $20.90, with a 1.51% gain in the last hour. The token\u2019s 24-hour trading volume is currently valued at $482 million, having also gone up by 208.92%.<\/span><\/p>\n Looking at the ETC\u2019s hourly chart, its Moving Average Convergence Divergence (MACD) remains well above the signal line indicating the token\u2019s bullish run may still be on.\u00a0<\/span><\/p>\n However, its Relative Strength Index (RSI) is currently in the overbought zone at 89.71, meaning a selling pressure may soon occur, which may drive down the token\u2019s price.<\/span><\/p>\n Related Reading: Ethereum Continues Uptrend As Staked ETH Soars To New High<\/a><\/p>\nETC’s Price Action In June<\/span><\/h2>\n
ETC Trading At $21.03 On The 1-Hour Chart | Source: ETCUSD Chart On Tradingview.com<\/a><\/pre>\n
ETC Price Analysis And Prediction<\/span><\/h2>\n